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FINWIRES

Badger Infrastructure Solutions Closes C$300 Million Senior Unsecured Note Offering

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Badger Infrastructure Solutions (BDGI.TO) closed a private-placement offering of $300 million aggregate principal amount of 5.375% senior unsecured notes due May 14, 2031, the company said on Thursday.

The company will use proceeds to repay indebtedness under its credit facilities, including its term facility.

"We are very pleased with the strong support from our new Canadian fixed income investors in our inaugural note offering," said Rob Dawson, Badger's Chief Financial Officer. "With this successful financing complete, Badger remains well positioned to continue its strategy of investing for growth while maintaining a strong balance sheet."

The company's shares were last seen up $1.19 to $82.11 on the Toronto Stock Exchange.

Price: $82.05, Change: $+1.13, Percent Change: +1.40%

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